First(SH:603806)2019-04-29 16:00Financial Performance - Total revenue for Q1 2019 reached RMB 1,614,589,622.06, representing a 52.39% increase compared to the same period last year[5]. - Net profit attributable to shareholders was RMB 215,985,514.44, a significant increase of 112.56% year-on-year[5]. - Basic earnings per share increased to RMB 0.41, up 64.00% from RMB 0.25 in the same period last year[5]. - Operating revenue increased by CNY 555.08 million, a growth of 52.39%, primarily driven by the expansion of photovoltaic film sales and an increase in high value-added products[12]. - Total operating revenue for Q1 2019 was ¥1,614,589,622.06, an increase of 52.2% compared to ¥1,059,511,873.23 in Q1 2018[24]. - Net profit for Q1 2019 reached ¥215,278,129.71, representing a 110.9% increase from ¥102,099,504.04 in Q1 2018[25]. - The company reported a gross profit of ¥165,625,724.04 for Q1 2019, compared to ¥108,990,212.29 in Q1 2018, indicating a gross margin improvement[24]. - The company’s operating profit for Q1 2019 was ¥217,561,399.43, a 105.5% increase from ¥106,103,624.56 in Q1 2018[26]. Cash Flow - The net cash flow from operating activities was negative at RMB -184,668,373.18, a decrease of 1,037.90% compared to the previous year[5]. - Cash flow from operating activities showed a net outflow of ¥184,668,373.18, worsening from a net outflow of ¥16,228,910.50 in Q1 2018[29]. - The net cash flow from operating activities was -175,127,252.69 RMB, a significant decline compared to 6,145,007.95 RMB in the same quarter of 2018[30]. - Total cash inflow from investment activities was 1,512,444,901.93 RMB, down from 1,898,739,464.71 RMB year-over-year[30]. - The net cash flow from investment activities improved to 164,590,884.32 RMB, compared to -43,545,730.54 RMB in the first quarter of 2018[30]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 6,671,544,713.55, a 3.34% increase from the end of the previous year[5]. - Total liabilities amounted to ¥897,803,695.41, slightly down from ¥900,193,091.88, a decrease of approximately 0.43%[18]. - Total assets increased to ¥6,671,544,713.55, up from ¥6,455,917,796.66, representing a growth of approximately 3.34%[17]. - Current assets totaled ¥4,171,131,361.28, an increase from ¥3,998,006,491.92, reflecting a growth of about 4.33%[20]. - Total liabilities amounted to approximately $900.19 million, with current liabilities at $885.14 million and non-current liabilities at $15.05 million[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,002[8]. - The largest shareholder, Hangzhou Foster Technology Group, holds 53.63% of the shares, totaling 280,271,414 shares[10]. - Total equity attributable to shareholders reached 5,553,888,887.48, reflecting a slight decrease from the previous period[72]. Research and Development - R&D expenses in Q1 2019 amounted to ¥47,158,565.42, a rise of 33.0% compared to ¥35,493,520.03 in Q1 2018[24]. - Research and development expenses increased to ¥40,319,950.74 in Q1 2019 from ¥28,553,778.18 in Q1 2018, a rise of 41.1%[64]. Tax and Other Expenses - The company’s tax expenses increased by CNY 19.73 million, a rise of 115.43%, mainly due to increased profitability[12]. - The company’s tax expenses for Q1 2019 were ¥36,824,345.17, compared to ¥17,093,615.77 in Q1 2018, reflecting a rise of 115.0%[62]. - The company reported a decrease in tax expenses to ¥36,824,345.17 from ¥17,093,615.77, a reduction of 115.4%[24]. Government Subsidies and Non-Operating Income - The company received government subsidies amounting to RMB 2,215,644.52, which are closely related to its normal operations[6]. - The company reported a non-operating income of CNY 71,634,839.50 for the period[45].